PaymentsSource

Credit

• Agents Advised To Monitor Where They Earn Their Revenue

  PaymentsSource | March 19

  Both novice and seasoned sales agents for independent sales organizations can have difficulty understanding exactly where they earn their revenue because not every ISO defines and pays residuals in the same way, note observers.

• Barclays Launches Merchant-Funded Barclaycard Freedom Rewards

  PaymentsSource | March 19

  Barclays Group PLC this week rolled out Barclaycard Freedom, a broad-based, merchant-funded rewards program for the United Kingdom-based issuer’s 8 million Barclaycard credit card customers.

• More Sales Agents Seeking Up-Front Revenue

  PaymentsSource | March 19

  The weak economy, decreased transaction volumes and margin compression in the payments industry are increasing the importance of up-front revenue streams for independent sales organizations and their sales agents instead of revenue purely from residuals, industry insiders say.

• New ‘Rights’ Good For UK Cardholders, HSBC Says

  PaymentsSource | March 19

  The new “rights” for United Kingdom credit cardholders the UK Card Association announced earlier this week demonstrate that the payments industry can make changes and provide a smart and competitive service to consumers, HSBC Holdings PLC contends.

• Discover Learns To Offset Contraction In Card Line

  American Banker | March 19

  With consumer demand weak for credit cards and fewer competitors in the private student loan market, Discover Financial Services is making a bid to become a big lender on campuses.

• Collection, Credit Issues Spur Lawsuits

  Collections & Credit Risk | March 19

  Lawsuits filed in federal courts involving collection and credit issues surged in the fiscal year ended Sept. 30 as more Americans struggled with foreclosures and consumer debt. [FREE]